New York Post Reacts Negatively To WWE Financial Report

The New York Post published an article on WWE's financials after the sports-entertainment organization reported anemic subscription growth for its WWE Network. It is titled, "The WWE gets ready to crumble."

Subscriptions to the $9.99 per month service totaled 731,000 subscriptions at the end of September—a net gain of just 31,000 in the three-month period. WWE recorded a net gain of just 3,000 subscribers in the United States, with the rest coming from the overseas expansion.

The Post considers it particularly alarming that of the 700,000 Network subscribers WWE had going into the quarter, 255,000 dropped their subscription. This a churn rate of 36%.

"At least they're adding more than they're losing," said equity analyst Robert Routh.

Now that you've read this article you can JOIN THE CONVERSATION! Sound off in the comments section below by logging in with your Google +, Facebook, or Twitter account and posting your comment- the wrestling universe wants to hear what you have to say!

comments powered by Disqus